What Surf is explaining is correct. Traders who loose big attract tons of attention and are very likely to get big allocations again. There tons of investors (gamblers) in this world. I remember this guy from Amaranth, I think Brian Hunter, who lost several billions. His new fund was up and running less than 6 month later with 100s of millions under management. I think he was later shut down by regulators. Yes, tons of managers are looking for low vol safety, but there are tons of people who want to win big even with higher risk. Everyone knows that casino odss are stacked against players, yet casinos flourish.
Probably a stupid question: why did Marketsurfer then not attract alot of money after he completely wiped out a fund? He lost everything he could lose, it was impossible to do "better". With that track record he was the champ of the champs.
Stop with that paper trading site. Seriously. Now we are ranking bloggers. That holds no credibility. I have never met a paper trader who loses money. Your calls on here have been less than stellar. And I'm being real nice.
He/She is an annoying idiot. Their posts are so bad even I barely respond. That speaks volumes as I reply to just about anyone. I don't have any problem dealing with the poster, it's just a colossal waste of time. The fact that you call him a character is a huge tell. It's obvious what's goin on. Keep playing your kiddie games on here Surf.
Maybe I did--- you really have no clue at all and need to find another sandbox. This one is out of your league.
Please read my post again: "Traders who loose big attract tons of attention and are very likely to get big allocations again". A traders needs to loose BIG. On the other hand, I know a guy who lost 90% of 15 mil fund, and he is done. It has been many years, and he is nowhere near to being where he was.
I agree there are a few instances, very few (Hunter, LTCM guys) who do get big backing after blowing up. But.....on the whole it's very rare, especially in the last 10 years or so. The question raised on this thread was where does most of the money go? The answer is to the lower volatility funds. They attract billions. Not some Cowboy who swings 10-20% a month. Not sure why a certain person can't seem to get a grasp on this.